CURRENT AFFAIRS

2020

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which Bank in India has joined hands with Star Health and Allied Insurance Co Ltd for bancassurance?
A
Karur Vysya Bank
B
South Indian Bank
C
Tamilnad Mercantile Bank
D
State Bank of India
Explanation: 

Detailed explanation-1: -The insurer has signed a corporate agency agreement with IDFC FIRST Bank for distribution of its health insurance solutions.

Detailed explanation-2: -Star Health and Allied Insurance said on June 27 it has signed a corporate agency agreement with IDFC First Bank, for distribution of its health insurance solutions.

Detailed explanation-3: -The correct answer is Federal Bank. Federal Bank partnered with Star Health and Allied Insurance Co Ltd as a corporate agent to provide health insurance products to the bank’s customers.

Detailed explanation-4: -For the distribution of its health insurance options, the insurer and IDFC FIRST Bank have inked a corporate agency agreement.

Detailed explanation-5: -Federal Bank and Aditya Birla Health Insurance enter bancassurance partnership. Federal Bank and Aditya Birla Health Insurance Co. Limited (ABHICL) have announced their bancassurance partnership today.

There is 1 question to complete.